Stock Track | Sanmina Soars 14.84% in Pre-market on Stellar Q2 Earnings Beat, Strong Guidance and $600M Buyback Plan

Stock Track

Apr 28

Sanmina's stock surged 14.84% in pre-market trading on Tuesday, marking a significant upward movement for the electronics manufacturing services provider.

The dramatic price increase was driven by the company's impressive fiscal second-quarter results, which soundly beat analyst expectations. Sanmina reported adjusted earnings per share of $3.16, significantly exceeding the consensus estimate of $2.40. Revenue more than doubled year-over-year to $4.01 billion, also surpassing the $3.29 billion analyst forecast.

Management attributed the strong performance to ZT Systems revenue that "significantly exceeded expectations," driven by strong execution and customer demand. Additionally, Sanmina's board authorized a new $600 million share repurchase program. The company also provided optimistic guidance, forecasting third-quarter adjusted EPS between $2.55 and $2.85 (versus $2.53 consensus) and raising its full-year 2026 adjusted EPS outlook to $10.75 to $11.35 (versus $10.02 consensus).

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Sanmina reported adjusted earnings per share of $3.16, significantly exceeding the consensus estimate of $2.40. Revenue more than doubled year-over-year to $4.01 billion, also surpassing the $3.29 billion analyst forecast.</p><p>Management attributed the strong performance to ZT Systems revenue that \"significantly exceeded expectations,\" driven by strong execution and customer demand. Additionally, Sanmina's board authorized a new $600 million share repurchase program. The company also provided optimistic guidance, forecasting third-quarter adjusted EPS between $2.55 and $2.85 (versus $2.53 consensus) and raising its full-year 2026 adjusted EPS outlook to $10.75 to $11.35 (versus $10.02 consensus).</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SANM","symbol_name":"新美亚电子","start_time":0,"source_url":"","article_id":"1136134383","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1136134383","pubTimestamp":1777366500,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Sanmina's stock surged 14.84% in pre-market trading on Tuesday, marking a significant upward movement for the electronics manufacturing services provider.The dramatic price increase was driven by the...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SANM":"新美亚电子"},"translate_title":"股票追踪|Sanmina盘前飙升14.84%，得益于出色的Q2盈利、强劲的指引和6亿美元的回购计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SANM":1},"content_text":"Sanmina's stock surged 14.84% in pre-market trading on Tuesday, marking a significant upward movement for the electronics manufacturing services provider.The dramatic price increase was driven by the company's impressive fiscal second-quarter results, which soundly beat analyst expectations. 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